Oahu Kiki tracks the number of units purchased and sold throughout each accounting period but applies its inventory costing method perpetually at the time of each sale as if it uses a perpetual inventory system. Assume Oahu Kikis records show the following for the month of January. The company sold 290 units between January 16 and 23.

	Date	Units	Unit Cost	Total Cost
Beginning Inventory	January 1	240	$ 70	$ 16,800
Purchase	January 15	450	80	36,000
Purchase	January 24	210	100	21,000

QUESTION: Calculate the cost of ending inventory and the cost of goods sold using the FIFO and LIFO methods.

	FIFO	LIFO
Cost of Ending Inventory
Cost of Goods Sold